Scotts Miracle-Gro stock edges lower as debt reduction and share buybacks reshape balance sheet

Published on 09/18/2026 at 13:50 | Editorial responsibility: Rafael Müller, Editor-in-Chief AD HOC NEWS

Scotts Miracle-Gro stock closed at USD 54.00 on September 17, 2026 on the NYSE, about 27 percent below its 52-week high. The company redeemed USD 250 million in senior notes and repurchased USD 25 million of shares, reaffirming fiscal 2026 guidance.

SMG, US8030331098, Illustration mit AI erstellt.

The Scotts Miracle-Gro Company stock (ISIN US8030331098) closed at USD 54.00 on the NYSE on September 17, 2026, down 1.43 percent from the prior session and roughly 27 percent below its 52-week high of USD 74.00, based on a recent price overview.

Debt redemption and capital allocation moves

According to Zacks on September 18, 2026, Scotts Miracle-Gro redeemed USD 250 million of its 5.25 percent senior notes due 2026 on September 11, 2026, using revolver borrowings and expected fiscal 2026 free cash flow.

The same report notes that the company renewed a USD 750 million accounts receivable facility with JPMorgan Chase, extending its maturity to August 31, 2027 and maintaining liquidity flexibility.Zacks

Free cash flow and share repurchases support leverage goals

As Zacks reports, Scotts Miracle-Gro has achieved its fiscal 2026 free cash flow target of USD 275 million and expects this level of cash generation to help reduce leverage to the high-3-times range.

According to the same analysis, the company has begun executing its USD 500 million share repurchase program, buying back USD 25 million of shares in August 2026, with further repurchases to depend on market conditions and debt reduction priorities.Zacks

Earnings expectations and recent performance

In an industry outlook published on September 18, 2026, Zacks highlights that the consensus estimate for Scotts Miracle-Gro’s fiscal 2026 earnings has increased by 0.5 percent over the past 30 days.

The same outlook states that the Zacks Consensus Estimate for Scotts Miracle-Gro’s fiscal 2026 sales points to a 3.6 percent decline versus the prior year, while the fiscal 2026 earnings estimate implies 17.9 percent growth compared with the year-ago reported figure, indicating expectations of margin and profitability improvement despite softer revenue.Zacks

Stock still below prior highs

Per a recent NYSE-focused stock portal overview, Scotts Miracle-Gro stock’s closing price of USD 54.00 on September 17, 2026 compares with a 52-week high of USD 74.00 and a 52-week low near USD 50.00, leaving the shares trading about 27 percent below the high and only modestly above their low as investors balance debt reduction progress against guidance for slightly lower fiscal 2026 sales.